Fresnillo (OTCMKTS:FNLPF) Shares Gap Down – Here’s What Happened

Fresnillo PLC (OTCMKTS:FNLPF) shares gapped down before the market opened on Monday . The stock had previously closed at $47.50, but opened at $45.17. Fresnillo shares last traded at $47.5625, with a volume of 709 shares traded.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Berenberg Bank cut shares of Fresnillo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Citigroup restated a “buy” rating on shares of Fresnillo in a research report on Monday. Zacks Research raised shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Fresnillo in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Fresnillo currently has a consensus rating of “Hold”.

Fresnillo Stock Up 2.6%

The company has a debt-to-equity ratio of 0.17, a current ratio of 4.35 and a quick ratio of 3.88. The stock’s fifty day moving average is $48.69 and its 200-day moving average is $42.22.

Fresnillo Company Profile

Fresnillo plc is a precious metals mining company focused on the production, exploration and development of silver and gold. The company is widely recognized as a leading primary silver producer and a significant gold producer, operating in the mining sector with activities that span underground and open-pit mining, mineral processing and concentrator operations. Fresnillo’s business centers on bringing mined ore through processing to produce saleable precious metal products for industrial and investment markets.

Operationally, the company manages a portfolio of producing mines and development projects, with exploration programs intended to extend mine life and expand resource bases.